Amendment to Employment Agreement between Gerard H. Sweeney and Brandywine Realty Trust (March 1, 2012)

Contract Categories: Human Resources › Employment Agreements
Summary

This letter agreement, dated March 1, 2012, is between Gerard H. Sweeney and Brandywine Realty Trust, represented by Charles P. Pizzi and Walter D'Alessio. It clarifies that any payments to Mr. Sweeney under Section 17 of his 2007 employment agreement will exclude amounts paid or awarded under Section 6 of that agreement. The purpose is to align compensation practices with best pay standards. The agreement is acknowledged by both the Compensation Committee Chair and the Chairman of the Board.

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EX-10.4 5 exhibit104.htm EXHIBIT 10.4 Exhibit 10.4


Exhibit 10.4
March 1, 2012


Mr. Charles. P. Pizzi,
Chair, Compensation Committee
c/o Brandywine Realty Trust
555 East Lancaster Avenue
Suite 100
Radnor, PA 19087
Mr. Walter D'Alessio
Chairman, Board of Trustees
c/o Brandywine Realty Trust
555 East Lancaster Avenue
Suite 100
Radnor, PA 19087


Gentlemen:

As part of our collective effort to continue the alignment of our compensation programs with best pay practices, this letter confirms that the computation of amounts that may become payable to me under any paragraph of Section 17 of my employment agreement dated February 9, 2007 with Brandywine Realty Trust shall not include amounts paid, payable or awarded to me pursuant to Section 6 of the employment agreement.

Sincerely,
 
/s/ Gerard H. Sweeney
 
Gerard H. Sweeney




Acknowledged:

/s/ Charles P. Pizzi__________            
Charles P. Pizzi


/s/ Walter D'Alessio_________            
Walter D'Alessio